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CYBER VENDOR PROOFPOINT LAYING OFF 280 EMPLOYEES, 6% OF TOTAL WORKFORCE


THE CYBERSECURITY COMPANY, WHICH WAS ACQUIRED BY PRIVATE EQUITY GIANT THOMA
BRAVO FOR $12.3 BILLION IN 2021, WILL BE CUTTING AROUND 20 JOBS IN ITS ISRAEL
CENTER AS PART OF THE LAYOFFS

Meir Orbach
13:16, 31.01.24
TAGS:
Proofpoint
Cybersecurity
Layoffs
Cybersecurity company Proofpoint is laying off 280 employees, accounting for
around 6% of its total workforce of 4,500. The layoffs will include around 20
employees in its Israel offices, which total about 300 people.
Full list of Israeli high-tech layoffs
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Proofpoint, which was acquired by private equity giant Thoma Bravo for $12.3
billion in 2021, built up its Israeli headquarters with several acquisitions,
the latest of which came in December 2022 when it purchased Illusive for around
$100 million. That was the American company’s fourth acquisition in Israel after
buying Israeli-founded ObserveIT for $225 million in 2019 and paying $120
million for Meta Networks the same year. The firm also acquired FireLayers in
2016.
1 View gallery

Proofpoint.
(Photo: Shutterstock)
“To position Proofpoint for continued and long-term success as a world-class
business operating at scale, we have made the difficult decision to reduce our
current workforce by about 280 positions globally,” the company told Calcalist.
“Some of the positions under consultation are in Israel and we are being
sensitive to the current situation in the country. Proofpoint will offer
extended departure terms for Israeli employees who will be impacted.

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“This decision was not taken lightly, and it is deeply rooted in our
forward-looking company strategy of aligning our investments and hiring to our
strategic priorities, expanding our operational footprint by leveraging a global
talent pool, and streamlining our organization with fewer management layers.
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Positioning climate tech in the mainstream of Israeli high-tech
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Positioning climate tech in the mainstream of Israeli high-tech

Related articles:
 * Proofpoint to Acquire Cybersecurity Company ObserveIT for $225 Million
 * Proofpoint to Acquire Meta Networks for $120 Million
 * Tech titans start 2024 with mass layoffs, but is the worst yet to come?


“We appreciate our employees’ dedication and service and are committed to
helping them make this transition as smoothly as possible.
“As the cybersecurity partner of choice for organizations globally, we remain
steadfast in our mission to protect people and defend data against
people-centric cybersecurity risks. We do not anticipate any disruption for our
customers as a result of these changes.”
Read More
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Cybersecurity
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